Marcellus Free Library

Analysis

Marcellus Free Library is a registered charity in United States, based in Marcellus, NY. It received its IRS tax-exemption ruling in April 1990, 36 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marcellus Free Library reported income of $845k and spending of $663k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $725k to $845k (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marcellus Free Library sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Henry Clay Memorial Foundation ($844k), Bench Mark Program ($845k) and Lafayette County Enterprises Inc ($844k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $41k (6.2% of expenses). Other salaries and wages came to $241k. At year end it held assets of $3.4m against liabilities of $1.3m, net assets of $2.2m. It reported 18 employees.